🚨 $BTC MARKET UPDATE – 06/06/2025 🚨
🟥 BTC has officially closed below the key 101,700 support on the H8 chart — this confirms a downtrend is in play.
After yesterday’s sharp drop, we might see a relief bounce to 103,000–103,500 before continuing downward to the next key support zones at 98,295 – 96,250 – 93,350.
BTC.D is pushing toward 65% resistance — risk-off mode for alts.
🧨 TOTAL Market Cap just broke the 3.22T key level. A backtest here is likely before dropping to 3T – 2.86T.
⚠️ TOTAL2 (Altcoin market cap excluding BTC) also broke below the 1.16T key level, backtested it, and looks set to continue downward toward 1.07T – 1.04T – 1T.
TOTAL3 (Altcoin market cap excluding BTC & ETH) is heading toward the critical support zone at 794.23B
— some coins might bounce here, but Longing here is a high-risk move.
🔍 Altcoins to watch for SHORT setups:
$AVAX , $NEAR , SUI, TAO, WLD, and more — many just lost their bullish structures.
📌 Stay sharp. Risk is real. And in this market, cash is also a position.
